fromLondon Business News | Londonlovesbusiness.com
4 days agoPets at Home shares dive on profit warning and CEO departure - London Business News | Londonlovesbusiness.com
When a CEO leaves a business with immediate effect, you know something serious has happened. In Pets at Home's case, a nasty profit warning has cost Lyssa McGowan her job.
Problems have been building up for some time and it's clear that time had run out as far as the board was concerned. McGowan was given quite a bit of time to turn the business around, but her strategic decisions haven't yielded the necessary success.